Derry regeneration company spent £400k without approval
The regeneration company responsible for bringing major projects to Londonderry spent more than £400,000 without approval last year.
Ilex is required to secure approval from the First and Deputy First Ministers before spending funds.
But an audit of accounts has revealed that it failed to do this on a number of occasions in 2010-11.
The Northern Ireland Audit Office has qualified the company’s accounts, meaning it has concerns over spening.
Ilex has been involved in securing the UK City of Culture title, the Peace Bridge construction and transformation of Ebrington Parade Ground.
Interim Ilex chairman Matt McNulty admitted the failure but described the decision to qualify the accounts as disappointing.
“The Board of Ilex takes this matter very seriously. We have acted promptly to improve internal controls,” he said.